Michael Capellas
Michael Capellas
Michael David Capellasis an American executive in the computer and telecommunication industries. Capellas served as chairman and CEO of First Data Corporation, acting CEO of Serena Software, chairman and CEO of Compaq Computer Corporation until its merger with Hewlett-Packard where he became president of the post-merger company briefly, and president and CEO of WorldComwhere he led its merger with Verizon...
beginning computing emergence finish somewhere
Our emergence is not the finish line, it's the beginning of a new race, ... Somewhere between telecommunications and computing there's a new kind of company, and that's what MCI will be.
people spend waves willing
People are willing to spend if we give them something new, ... But there really are no new waves of technology.
action aggressive half initial matters profitable reflect results return second success took year
During the second half of this year (1999) we took aggressive action to return Compaq to profitable growth, and fourth-quarter results reflect our initial success where it matters most - in the marketplace,
ability although clear confident information lower market previous reflects remain strength strong technology
Although this is lower than our previous guidance, it still reflects strong year-over-year improvement, ... I remain very confident in the long-term strength of the information technology market and in Compaq's ability to be one of the clear leaders.
continue europe given satisfying work
This is an important milestone, particularly given the significance of Europe to us. We will continue to work with regulators around the world in satisfying their requirements.
believe foundation internet platforms premiere windows
Compaq is the premiere Windows 2000 partner, and we believe this is one of the foundation platforms for the Internet economy.
achieved ahead commercial pc quarter return top
The big story of this quarter is the return to profitability of our commercial PC business, ... That's been one of out top priorities, and we achieved it one quarter ahead of schedule.
chapter confident cost difficult emerge force help overall plan reduction work
A work force reduction is always a difficult decision, but we are confident that our overall cost reduction plan will help us emerge from Chapter 11 and make us more competitive in the marketplace in the long run.
almost describe perfect
The only way to describe this is almost the perfect storm.
account billion education major markets recorded travel wins
In the first quarter, we recorded more than $1 billion in major account wins in the healthcare, education and travel markets alone,
billion cents certainty difficult earnings expect market per predict quarter range remains revenue share short third thus volatile
In the short term, the market remains volatile and thus difficult to predict with much certainty, ... However, we expect third quarter revenue to be in the range of $8 billion to $8.4 billion ... and earnings per share of 7 cents to 9 cents.
challenges front
Clearly, we have some challenges in front of us,
actions began execute third
In the third quarter, Compaq began to aggressively execute the actions we outlined in July.
achieving advantage alliance cable combining creating customers global internet leader leadership major powerful step strengths toward tremendous
Creating a powerful alliance combining Cable & Wireless' strengths as a global IP (Internet protocol) leader with our Internet leadership is a tremendous advantage for our customers and a major step toward achieving our goals,